Hedge Fund Raises $122 Million In LSE Listing

Jun 27 2008 | 11:20am ET

Multi-strategy fund of hedge funds FRM Diversified Alpha has raised £61.8 million (US$122 million) by listing on the London Stock Exchange.

The FRM Diversified Alpha fund, managed by Guernsey-based FRM Investment Management, invests in a diversified portfolio of hedge funds including equity long/short, specialist credit, relative value and directional trading.

FRM began managing diversified funds of hedge funds in January 1998 and currently manages more than US$10 billion in this strategy for institutional investors, including around 300 pension funds.

Paul Dunning, chief executive of Financial Risk Management, the group's U.K.-based investment adviser, said the fund appeals to investors looking for an equity or fixed-income substitute because of its ability to produce consistent absolute returns in various market environments.

Founded in 1991 by Blaine Tomlinson, the FRM group has more than US$15 billion in fund of hedge funds assets.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note